View ValuationBlack Stone Minerals 향후 성장Future 기준 점검 0/6Black Stone Minerals 의 수익은 연간 0.01% 감소할 것으로 예상되는 반면, 연간 수익은 8.6% 로 증가할 것으로 예상됩니다. EPS는 연간 4.1% 만큼 쇠퇴할 것으로 예상됩니다.핵심 정보-0.01%이익 성장률-4.06%EPS 성장률Oil and Gas 이익 성장11.3%매출 성장률8.6%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트13 May 2026최근 향후 성장 업데이트Major Estimate Revision • Mar 13Consensus EPS estimates increase by 12%, revenue downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from US$451.0m to US$435.3m. EPS estimate rose from US$0.89 to US$1.00. Net income forecast to shrink 18% next year vs 12% growth forecast for Oil and Gas industry in the US . Consensus price target of US$14.00 unchanged from last update. Share price was steady at US$15.39 over the past week.Major Estimate Revision • Mar 04Consensus EPS estimates fall by 26%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from US$1.20 to US$0.89 per share. Revenue forecast steady at US$451.0m. Net income forecast to shrink 30% next year vs 10% growth forecast for Oil and Gas industry in the US . Consensus price target of US$13.00 unchanged from last update. Share price was steady at US$15.12 over the past week.공시 • Feb 24Black Stone Minerals, L.P. Provides Production Guidance for the Full Year 2026Black Stone Minerals, L.P. provided production Guidance for the full year 2026. For the year, the company expects Total production to be 33 MBoe/d - 36 MBoe/d.Price Target Changed • Aug 15Price target decreased by 13% to US$13.00Down from US$15.00, the current price target is provided by 1 analyst. New target price is 5.9% above last closing price of US$12.28. Stock is down 17% over the past year. The company is forecast to post earnings per share of US$1.12 for next year compared to US$1.15 last year.공시 • Aug 05Black Stone Minerals, L.P. Updates Production Guidance for 2025Black Stone Minerals, L.P. updated production guidance for 2025. Due to the lower production through the first and second quarters of 2025 combined with expectations for delayed natural gas production growth through the end of the year, Black Stone's total production guidance for 2025 is being lowered to a range of 33 MBoe/d to 35 MBoe/d, from the previously disclosed range of 38 MBoe/d to 41 MBoe/d.Price Target Changed • May 14Price target decreased by 13% to US$14.00Down from US$16.00, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of US$13.81. Stock is down 13% over the past year. The company is forecast to post earnings per share of US$1.13 for next year compared to US$1.15 last year.모든 업데이트 보기Recent updates속보 • May 14Black Stone Minerals Sees 16% Q1 Production Growth and Increased Insider OwnershipQ1 2026 production grew 16%, supported by natural gas activity in the Louisiana Haynesville and Shelby Trough and oil output from the Permian Basin. Management reaffirmed full-year production guidance and declared a US$0.30 per unit distribution. The company is pursuing a Haynesville acquisition program and new development agreements, including a deal with Caturus Energy in the Shelby Trough, while continuing to add mineral and royalty interests across its portfolio. Executive Chairman Thomas L. Carter Jr. bought about 67,758 common units in recent open-market transactions worth roughly US$909,000, increasing his direct stake to 3,681,604 units following an upbeat Q1 call that highlighted volume growth and cash flow coverage. Insider buying combined with confirmed production guidance and active drilling programs indicates management’s confidence in the current development plan and the company’s asset base. You should still factor in recent operational issues, such as the well control incident, and the usual commodity price and execution risks that can affect volumes, cash flow and future distributions.Reported Earnings • May 07First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: EPS: US$0.028 (down from US$0.041 in 1Q 2025). Revenue: US$59.4m (down 45% from 1Q 2025). Net income: US$5.91m (down 31% from 1Q 2025). Profit margin: 9.9% (up from 7.9% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 42%. Earnings per share (EPS) also missed analyst estimates by 86%. Revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.Board Change • May 04High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director of Black Stone Minerals GP, L.L.C. Anne Hamman was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.공시 • May 04Black Stone Minerals, L.P., Annual General Meeting, Jun 11, 2026Black Stone Minerals, L.P., Annual General Meeting, Jun 11, 2026. Location: via the internet, United StatesDeclared Dividend • Apr 26Fourth quarter dividend of US$0.30 announcedShareholders will receive a dividend of US$0.30. Ex-date: 8th May 2026 Payment date: 15th May 2026 Dividend yield will be 8.5%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is not adequately covered by earnings (100% earnings payout ratio) nor is it covered by cash flows (133% cash payout ratio). The dividend has increased by an average of 6.4% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 11% to bring the payout ratio under control. However, EPS is expected to decline by 11% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.공시 • Apr 23+ 1 more updateBlack Stone Minerals, L.P. Approves Cash Distribution for the First Quarter of 2026, Payable on May 15, 2026Black Stone Minerals, L.P. declared the distribution attributable to the first quarter of 2026. The Board of Directors of the general partner has approved a cash distribution of $0.30 per common unit attributable to the first quarter of 2026, consistent with the prior quarter. Distributions will be payable on May 15, 2026, to unitholders of record on May 8, 2026.Seeking Alpha • Apr 20Black Stone Minerals: May See Modest Benefits From Improved Long-Term Oil PricesSummary Black Stone is projected to generate $273 million in 2026 distributable cash flow at current strip. Hedges limit its ability to benefit from strong near-term oil prices. A $20 increase in the average 2026 oil price would only improve Black Stone's DCF by $3 million. Black Stone has close to 45% of its 2027 production hedged. I have increased my long-term (after 2026) oil price by $5 and that improves Black Stone's estimated value by $0.50 (to $16 per unit). Read the full article on Seeking AlphaBuy Or Sell Opportunity • Apr 14Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.9% to US$13.50. The fair value is estimated to be US$17.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 23% over the last 3 years. Earnings per share has declined by 32%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to decline by 2.7% in the next 2 years.Recent Insider Transactions • Apr 09Senior VP recently sold US$425k worth of stockOn the 6th of April, L. Putman sold around 29k shares on-market at roughly US$14.45 per share. This transaction amounted to 3.9% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$462k. Despite this recent sale, insiders have collectively bought US$793k more than they sold in the last 12 months.내러티브 업데이트 • Apr 08BSM: War Risk And Stable U.S. Activity Shape Fairly Valued OutlookAnalysts recently raised their price target on Black Stone Minerals to $14 from $13, citing elevated geopolitical risk to global energy supply and an outlook that U.S. operators are unlikely to significantly alter their activity in response. Analyst Commentary Recent commentary around Black Stone Minerals focuses heavily on how heightened geopolitical risk and potential supply disruptions feed into valuation, especially with the price target set at US$14.내러티브 업데이트 • Mar 25BSM: War Risk And Steady U.S. Output Guide Balanced Future OutlookAnalysts have raised their price target on Black Stone Minerals to $14.00 from $13.00, citing recent geopolitical risks to global energy supplies and steady expectations for U.S. operator activity as key factors behind the update. Analyst Commentary Analysts are weighing the new US$14 price target for Black Stone Minerals against rising geopolitical risks and expectations for relatively steady U.S. operator activity.Major Estimate Revision • Mar 13Consensus EPS estimates increase by 12%, revenue downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from US$451.0m to US$435.3m. EPS estimate rose from US$0.89 to US$1.00. Net income forecast to shrink 18% next year vs 12% growth forecast for Oil and Gas industry in the US . Consensus price target of US$14.00 unchanged from last update. Share price was steady at US$15.39 over the past week.내러티브 업데이트 • Mar 08BSM: War Risk And Stable U.S. Activity Shape Measured Future OutlookAnalysts have raised their price target on Black Stone Minerals to $14 from $13, reflecting updated views on fair value and earnings potential as they consider recent geopolitical risks and U.S. operator commentary. Analyst Commentary Recent commentary around Black Stone Minerals focuses on how geopolitical risks and operator behavior could affect fair value, rather than on big changes to the company’s own execution.Recent Insider Transactions • Mar 08Senior VP recently sold US$462k worth of stockOn the 5th of March, L. Putman sold around 30k shares on-market at roughly US$15.25 per share. This transaction amounted to 3.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought US$1.2m more than they sold in the last 12 months.Major Estimate Revision • Mar 04Consensus EPS estimates fall by 26%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from US$1.20 to US$0.89 per share. Revenue forecast steady at US$451.0m. Net income forecast to shrink 30% next year vs 10% growth forecast for Oil and Gas industry in the US . Consensus price target of US$13.00 unchanged from last update. Share price was steady at US$15.12 over the past week.New Risk • Mar 03New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 100% Cash payout ratio: 133% Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future.Reported Earnings • Feb 24Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: US$1.28 (up from US$1.15 in FY 2024). Revenue: US$401.0m (down 6.1% from FY 2024). Net income: US$270.5m (up 12% from FY 2024). Profit margin: 68% (up from 57% in FY 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 6.7%. Earnings per share (EPS) also surpassed analyst estimates by 4.3%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.공시 • Feb 24Black Stone Minerals, L.P. Provides Production Guidance for the Full Year 2026Black Stone Minerals, L.P. provided production Guidance for the full year 2026. For the year, the company expects Total production to be 33 MBoe/d - 36 MBoe/d.Declared Dividend • Feb 08Third quarter dividend of US$0.30 announcedShareholders will receive a dividend of US$0.30. Ex-date: 18th February 2026 Payment date: 25th February 2026 Dividend yield will be 8.5%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is not covered by earnings (115% earnings payout ratio) nor is it covered by cash flows (113% cash payout ratio). The dividend has increased by an average of 6.4% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 27% to bring the payout ratio under control. EPS is expected to grow by 12% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.공시 • Feb 06Black Stone Minerals, L.P. Approves Cash Distribution for the Fourth Quarter of 2025, Payable on February 25, 2026Black Stone Minerals, L.P. announced the Board of Directors of the general partner has approved a cash distribution of $0.30 per common unit attributable to the fourth quarter of 2025, consistent with the prior quarter. Distributions will be payable on February 25, 2026, to unitholders of record on February 18, 2026.공시 • Feb 05Black Stone Minerals, L.P. to Report Q4, 2025 Results on Feb 23, 2026Black Stone Minerals, L.P. announced that they will report Q4, 2025 results After-Market on Feb 23, 2026공시 • Dec 03Black Stone Minerals and Caturus Energy Announce New Development Agreement in the Shelby TroughBlack Stone Minerals, L.P. announced it has entered into a 220,000 gross acre development agreement with an affiliate of Caturus Energy, LLC ("Caturus") within the Shelby Trough and Haynesville Expansion. The agreement creates a multi-year drilling program designed to advance development of BSM's acreage under Caturus' operating expertise while supporting the growing demand for natural gas across the Gulf Coast region. Under the terms of the agreement, Caturus has the opportunity to escalate its drilling program over the next six years and drill a step out pilot and test well in the first two years to continue operating across the full footprint. Activity will begin with approximately two gross (0.2 net) wells in 2026 and ramp to approximately 12 gross (0.8 net) wells annually by the end of the six years, supported by minimum annual lateral-foot requirements, all net to BSM's interest. BSM currently manages approximately 40,000 undeveloped net acres within this contract area, with line of sight to additional acquisitions to further increase BSM's net interest across the area.New Risk • Nov 20New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 115% Cash payout ratio: 113% Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future.공시 • Nov 05+ 2 more updatesBlack Stone Minerals, L.P. Announces Management ChangesBlack Stone Minerals, L.P. announced its leadership succession plan, which will be effective January 1, 2026. At that time, Tom Carter will move into the role of Executive Chairman, and Fowler Carter and Taylor DeWalch will succeed him as co-Chief Executive Officers and be appointed to the Board of Directors of BSM’s general partner. Chris Bonner will be promoted to Senior Vice President. On October 30, 2025, Will Mathis tendered his resignation from the Board, effective immediately, to focus on other commitments. Mr. Mathis’s resignation is not the result of any disagreement with the Partnership’s operations, policies, or procedures. Mr. Mathis served as a director of BSM and its predecessors for over 16 years, including as the Chair of its Nominating and Governance Committee. Will Randall has been named as Chair of the Nominating and Governance Committee, and Jerry Kyle has been appointed to fill the vacancy on that committee. The Board expects to fill the vacancy caused by Mr. Mathis’s resignation in due course.Reported Earnings • Nov 04Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: US$0.40 (down from US$0.41 in 3Q 2024). Revenue: US$132.5m (up 31% from 3Q 2024). Net income: US$84.4m (down 1.2% from 3Q 2024). Profit margin: 64% (down from 85% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 27%. Earnings per share (EPS) also surpassed analyst estimates by 45%. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.Declared Dividend • Oct 20Second quarter dividend of US$0.30 announcedShareholders will receive a dividend of US$0.30. Ex-date: 6th November 2025 Payment date: 13th November 2025 Dividend yield will be 11%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is not covered by earnings (122% earnings payout ratio) nor is it covered by cash flows (114% cash payout ratio). The dividend has increased by an average of 6.4% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 36% to bring the payout ratio under control. EPS is expected to grow by 17% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.공시 • Oct 16+ 1 more updateBlack Stone Minerals, L.P. Approves Cash Distribution for the Third Quarter 2025, Payable on November 13, 2025Black Stone Minerals, L.P. declared the cash distribution attributable to the third quarter of 2025. For the period, the Board of Directors of the Partnership’s general partner has approved a cash distribution of $0.30 per common unit attributable to the third quarter of 2025, consistent with the prior quarter. Distributions will be payable on November 13, 2025, to unitholders of record on November 6, 2025.Recent Insider Transactions • Sep 12President recently bought US$307k worth of stockOn the 10th of September, Thomas Carter bought around 25k shares on-market at roughly US$12.08 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth US$879k. Thomas has been a buyer over the last 12 months, purchasing a net total of US$2.0m worth in shares.Recent Insider Transactions • Aug 22President recently bought US$492k worth of stockOn the 20th of August, Thomas Carter bought around 41k shares on-market at roughly US$12.00 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth US$879k. Thomas has been a buyer over the last 12 months, purchasing a net total of US$3.1m worth in shares.내러티브 업데이트 • Aug 16Shelby Trough Expansion And Operator Diversification Will Drive DrillingThe consensus price target for Black Stone Minerals has been lowered to $13.00, primarily due to a notable decrease in forecast revenue growth, while valuation multiples have only moderately declined. What's in the News Black Stone Minerals lowered its 2025 production guidance to 33–35 MBoe/d from 38–41 MBoe/d due to weaker first-half production and delayed natural gas growth.Price Target Changed • Aug 15Price target decreased by 13% to US$13.00Down from US$15.00, the current price target is provided by 1 analyst. New target price is 5.9% above last closing price of US$12.28. Stock is down 17% over the past year. The company is forecast to post earnings per share of US$1.12 for next year compared to US$1.15 last year.Recent Insider Transactions • Aug 13President recently bought US$879k worth of stockOn the 11th of August, Thomas Carter bought around 72k shares on-market at roughly US$12.18 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Thomas has been a buyer over the last 12 months, purchasing a net total of US$2.5m worth in shares.Reported Earnings • Aug 05Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: US$0.53 (up from US$0.29 in 2Q 2024). Revenue: US$102.0m (down 7.6% from 2Q 2024). Net income: US$112.7m (up 85% from 2Q 2024). Revenue exceeded analyst estimates by 42%. Earnings per share (EPS) also surpassed analyst estimates by 73%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.공시 • Aug 05Black Stone Minerals, L.P. Updates Production Guidance for 2025Black Stone Minerals, L.P. updated production guidance for 2025. Due to the lower production through the first and second quarters of 2025 combined with expectations for delayed natural gas production growth through the end of the year, Black Stone's total production guidance for 2025 is being lowered to a range of 33 MBoe/d to 35 MBoe/d, from the previously disclosed range of 38 MBoe/d to 41 MBoe/d.Declared Dividend • Jul 21First quarter dividend reduced to US$0.30Dividend of US$0.30 is 20% lower than last year. Ex-date: 7th August 2025 Payment date: 14th August 2025 Dividend yield will be 12%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is not covered by earnings (163% earnings payout ratio) nor is it covered by cash flows (130% cash payout ratio). The dividend has increased by an average of 8.8% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 81% to bring the payout ratio under control. EPS is expected to grow by 74% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.공시 • Jul 17+ 1 more updateBlack Stone Minerals, L.P. Approves Cash Distribution for the Second Quarter of 2025, Payable on August 14, 2025Black Stone Minerals, L.P. announced that its board of directors of the general partner has approved a cash distribution of $0.30 per common unit attributable to the second quarter of 2025. Distributions will be payable on August 14, 2025, to unitholders of record on August 7, 2025.Recent Insider Transactions • Jun 01Insider recently sold US$500k worth of stockOn the 29th of May, Carrie Clark sold around 37k shares on-market at roughly US$13.56 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought US$1.3m more than they sold in the last 12 months.Recent Insider Transactions Derivative • May 30Insider notifies of intention to sell stockCarrie Clark intends to sell 37k shares in the next 90 days after lodging an Intent To Sell Form on the 29th of May. If the sale is conducted around the recent share price of US$13.56, it would amount to US$500k. Since September 2024, Carrie's direct individual holding has increased from 116.92k shares to 202.76k. Company insiders have collectively bought US$1.8m more than they sold, via options and on-market transactions, in the last 12 months.Price Target Changed • May 14Price target decreased by 13% to US$14.00Down from US$16.00, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of US$13.81. Stock is down 13% over the past year. The company is forecast to post earnings per share of US$1.13 for next year compared to US$1.15 last year.New Risk • May 13New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 46% Last year net profit margin: 68% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 163% Cash payout ratio: 130% Minor Risk Profit margins are more than 30% lower than last year (46% net profit margin).Major Estimate Revision • May 13Consensus EPS estimates fall by 20%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from US$1.33 to US$1.07. Revenue forecast unchanged from US$483.5m at last update. Net income forecast to grow 27% next year vs 16% growth forecast for Oil and Gas industry in the US. Consensus price target of US$15.00 unchanged from last update. Share price fell 2.5% to US$13.90 over the past week.Reported Earnings • May 07First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: EPS: US$0.041 (down from US$0.27 in 1Q 2024). Revenue: US$59.3m (down 48% from 1Q 2024). Net income: US$8.58m (down 85% from 1Q 2024). Profit margin: 14% (down from 50% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 49%. Earnings per share (EPS) also missed analyst estimates by 88%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 3% per year.공시 • May 01Black Stone Minerals, L.P., Annual General Meeting, Jun 12, 2025Black Stone Minerals, L.P., Annual General Meeting, Jun 12, 2025.Seeking Alpha • Apr 26Black Stone Minerals: Focusing On Natural Gas AcquisitionsSummary Black Stone Minerals spent $110 million on acquisitions in 2024, funded primarily with cash on hand. It now has a slight amount of net debt and may add to that debt with continued acquisitions and the redemption of some Series A Preferred Units. I project its distribution coverage at 1.07x in 2025 at current strip. Black Stone's estimated value is now $17.75 per unit at long-term $70 WTI oil and $3.75 NYMEX natural gas. Read the full article on Seeking AlphaDeclared Dividend • Apr 20Fourth quarter dividend of US$0.38 announcedDividend of US$0.38 is the same as last year. Ex-date: 8th May 2025 Payment date: 15th May 2025 Dividend yield will be 10%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is not covered by earnings (131% earnings payout ratio) nor is it covered by cash flows (116% cash payout ratio). The dividend has increased by an average of 8.8% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 45% to bring the payout ratio under control. EPS is expected to grow by 22% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.공시 • Apr 17+ 1 more updateBlack Stone Minerals, L.P. to Report Q1, 2025 Results on May 05, 2025Black Stone Minerals, L.P. announced that they will report Q1, 2025 results After-Market on May 05, 2025Price Target Changed • Mar 09Price target increased by 14% to US$16.00Up from US$14.00, the current price target is provided by 1 analyst. New target price is 8.5% above last closing price of US$14.75. Stock is down 5.3% over the past year. The company is forecast to post earnings per share of US$1.34 for next year compared to US$1.15 last year.Seeking Alpha • Feb 27Black Stone Minerals: A 10% Distribution For This Natural Gas Royalty Play (Rating Upgrade)Summary Upgrading Black Stone Minerals to a BUY due to improving natural gas prices, a robust hedging program, and a renegotiated production agreement with Aethon. BSM's 2024 challenges included weak natural gas prices and a dividend cut, but the company maintained a distribution coverage greater than 1x distributable cash flow throughout the year. For 2025, BSM expects a 2% production increase, with natural gas making up 77% of total volumes, driven by new wells and rising prices. LNG export growth and increased electricity demand from AI data centers position BSM's Haynesville acreage as a key resource, enhancing future prospects. I am upgrading BSM to a BUY. Read the full article on Seeking AlphaNew Risk • Feb 26New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 56% Last year net profit margin: 82% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 98% Cash payout ratio: 90% Minor Risk Profit margins are more than 30% lower than last year (56% net profit margin).공시 • Feb 25Black Stone Minerals, L.P. Provides Consolidated Production Guidance for the Fiscal Year 2025Black Stone Minerals, L.P. provided consolidated production guidance for the Fiscal Year 2025. For the year, the company expects total production of 38 MBoe/d to 41 MBoe/d.Seeking Alpha • Feb 19Black Stone Minerals' Double-Digit Yield Looks To Benefit From Expanding Electricity DemandSummary Since its IPO in 2015, Black Stone Minerals performance has matched Exxon and Chevron on an annualized total return basis. Management's interest are closely aligned with unitholders and insider buying volume has been significant in 2025. Improving supply/demand balance for natural gas means more production volume, likely returning the distribution to high water level. More favorable federal energy policy towards fossil fuel minerals and growing electricity need bode well for BSM to benefit. Read the full article on Seeking AlphaDeclared Dividend • Feb 09Third quarter dividend of US$0.38 announcedShareholders will receive a dividend of US$0.38. Ex-date: 18th February 2025 Payment date: 25th February 2025 Dividend yield will be 10%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is not adequately covered by earnings (98% earnings payout ratio) nor is it adequately covered by cash flows (90.2% cash payout ratio). The dividend has increased by an average of 9.8% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 8.6% to bring the payout ratio under control. However, EPS is expected to decline by 7.6% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.공시 • Feb 06+ 1 more updateBlack Stone Minerals, L.P. Announces Distribution for the Fourth Quarter of 2024, Payable on February 25, 2025Black Stone Minerals, L.P. announced that its Board of Directors of the general partner has approved a cash distribution of $0.375 per common unit attributable to the fourth quarter of 2024, consistent with the prior quarter. Distributions will be payable on February 25, 2025, to unitholders of record on February 18, 2025.Seeking Alpha • Dec 12Black Stone Minerals: Distribution Coverage Should Improve From Q3 2024 LevelsSummary Black Stone Minerals reported 1x distribution coverage for Q3 2024. It saw an 8% quarter-over-quarter production decline. BSM's Q4 2024 distribution coverage should increase slightly even if its production declines a bit further in the near term. I've reduced my 2025 production expectations by 3–4% to reflect a lower potential production level entering the year. Stronger natural gas prices in 2025 (particularly later in the year) should increase activity at Black Stone's assets. Read the full article on Seeking AlphaReported Earnings • Nov 05Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: US$0.41 (up from US$0.27 in 3Q 2023). Revenue: US$134.9m (flat on 3Q 2023). Net income: US$85.4m (up 50% from 3Q 2023). Profit margin: 63% (up from 42% in 3Q 2023). Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Revenue is forecast to grow 9.5% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.공시 • Nov 05Black Stone Minerals, L.P. Approves A Cash Distribution to the Third Quarter of 2024, Payable on November 15, 2024The Board of Black Stone Minerals, L.P. approved a cash distribution of $0.375 for each common unit attributable to the third quarter of 2024. The quarterly distribution coverage ratio attributable to the third quarter of 2024 was approximately 1.00x. The distribution will be paid on November 15, 2024 to unitholders of record as of the close of business on November 8, 2024.Upcoming Dividend • Nov 03Upcoming dividend of US$0.38 per shareEligible shareholders must have bought the stock before 08 November 2024. Payment date: 15 November 2024. The company is paying out more than 100% of its profits and is paying out 82% of its cash flow. Trailing yield: 10%. Within top quartile of American dividend payers (4.6%). Higher than average of industry peers (4.1%).Declared Dividend • Oct 20Second quarter dividend of US$0.38 announcedShareholders will receive a dividend of US$0.38. Ex-date: 8th November 2024 Payment date: 15th November 2024 Dividend yield will be 11%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is not covered by earnings (113% earnings payout ratio). However, it is covered by cash flows (82% cash payout ratio). The dividend has increased by an average of 9.8% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 26% to bring the payout ratio under control. EPS is expected to grow by 2.7% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.공시 • Oct 17Black Stone Minerals, L.P. to Report Q3, 2024 Results on Nov 04, 2024Black Stone Minerals, L.P. announced that they will report Q3, 2024 results After-Market on Nov 04, 2024Seeking Alpha • Oct 08Black Stone Minerals: Preferred Unit Redemption May Increase Distributable Cash FlowSummary Black Stone Minerals has been acquiring Gulf Coast mineral and royalty interests. These acquisitions are primarily non-producing currently, but are expected to benefit future production results once natural gas prices improve. Black Stone also has the opportunity to redeem its Series B preferred units at par in late 2025. These units have a 9.8% distribution rate, so redeeming them should benefit Black Stone's distributable cash flow. Black Stone's credit facility interest rate may be 6% to 7% by late 2025. Read the full article on Seeking AlphaRecent Insider Transactions • Sep 11President recently bought US$1.4m worth of stockOn the 6th of September, Thomas Carter bought around 100k shares on-market at roughly US$14.12 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Thomas has been a buyer over the last 12 months, purchasing a net total of US$3.9m worth in shares.새로운 내러티브 • Sep 05Hedging Missteps And Acquisition Risks To Hamper Earnings Amidst Volatile Times Emphasis on grassroots acquisitions and asset enhancement may increase debt without immediate returns, affecting net income and cash flow if expectations are not met. Recent Insider Transactions • Aug 27Insider recently sold US$275k worth of stockOn the 26th of August, Carrie Clark sold around 19k shares on-market at roughly US$14.84 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought US$3.5m more than they sold in the last 12 months.Recent Insider Transactions • Aug 18Board Member recently bought US$500k worth of stockOn the 15th of August, D. DeWalch bought around 34k shares on-market at roughly US$14.62 per share. This transaction amounted to 3.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$3.8m more in shares than they have sold in the last 12 months.New Risk • Aug 16New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. Minor Risk Dividend is not well covered by earnings (113% payout ratio).Seeking Alpha • Aug 11Black Stone Minerals: Well Covered 10.5% Yield And Debt Free Balance Sheet Make This A BuySummary BSM is a high free cash flow royalty-driven MLP with no debt, offering a 10.5% yield and potential upside with improved natural gas prices. The company's business model involves collecting royalty payments on revenue from producers operating on their acreage. BSM offers solid coverage of their distribution and potential for buybacks or acquisitions, making it a bargain investment opportunity. We peg a range of $12 to high teens on the stock, but are happy with a flat share price and a healthy tax-deferred distribution. Read the full article on Seeking AlphaReported Earnings • Aug 06Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: US$0.29 (down from US$0.35 in 2Q 2023). Revenue: US$109.6m (up 6.3% from 2Q 2023). Net income: US$61.0m (down 17% from 2Q 2023). Profit margin: 56% (down from 71% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 19%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 1.8% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Seeking Alpha • Jul 30Black Stone Minerals: Overexposed To Natural GasSummary Production was down 2% in Q1 2024, after reducing their working interest exposure. Q1 2024 revenue at $113.2 million, net income at $63.9 million; down 17% and 57% QoQ. Distribution reduced by 21% to $0.375 per unit in Q1 2024. Aethon reduced production volumes by 800 Boe/d in April 2024. This will certainly impact their Q2 2024 production. Due to their natural gas exposure, overvaluation, and strategic uncertainties, my rating for this stock is a Hold. Read the full article on Seeking AlphaDeclared Dividend • Jul 28First quarter dividend of US$0.38 announcedShareholders will receive a dividend of US$0.38. Ex-date: 9th August 2024 Payment date: 16th August 2024 Dividend yield will be 11%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is not covered by earnings (115% earnings payout ratio). However, it is covered by cash flows (71% cash payout ratio). The dividend has increased by an average of 9.8% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 28% to bring the payout ratio under control. However, EPS is expected to decline by 2.1% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio.공시 • Jul 25+ 1 more updateBlack Stone Minerals, L.P. to Report Q2, 2024 Results on Aug 02, 2024Black Stone Minerals, L.P. announced that they will report Q2, 2024 results After-Market on Aug 02, 2024New Risk • Jul 09New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. Minor Risk Dividend is not well covered by earnings (115% payout ratio).Price Target Changed • Jun 03Price target decreased by 8.1% to US$17.00Down from US$18.50, the current price target is provided by 1 analyst. New target price is 5.5% above last closing price of US$16.11. Stock is up 0.2% over the past year. The company is forecast to post earnings per share of US$1.41 for next year compared to US$1.91 last year.Seeking Alpha • May 10Black Stone Minerals: Reduced Production Guidance Due To Low Natural Gas PricesSummary Black Stone Minerals reduced its 2024 production guidance by around 4%. The Company's oil cut may end up slightly higher than previously expected. BSM is projected to have 1.17x distribution coverage with its reduced distribution. It is spending on acquisitions that will benefit its longer-term cash flow. I expect Black Stone's distributable cash flow to rebound to $2+ per unit in 2026. Read the full article on Seeking Alpha공시 • May 08Black Stone Minerals, L.P. Provides Production Guidance for Fiscal Year 2024Black Stone Minerals, L.P. provided production guidance for the fiscal year 2024. For the year, the company's total production guidance is being lowered to a range of 38.5 MBoe/d to 40.5 MBoe/d, from the previously disclosed range of 40.0 MBoe/d to 42.0 MBoe/d.Reported Earnings • May 07First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: EPS: US$0.27 (down from US$0.61 in 1Q 2023). Revenue: US$105.5m (down 11% from 1Q 2023). Net income: US$56.6m (down 56% from 1Q 2023). Profit margin: 54% (down from 109% in 1Q 2023). Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 24%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 2.0% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.공시 • May 01Black Stone Minerals, L.P., Annual General Meeting, Jun 13, 2024Black Stone Minerals, L.P., Annual General Meeting, Jun 13, 2024, at 12:00 Central Standard Time. Agenda: To consider elect directors to the Board of Directors of Black Stone Minerals GP, L.L.C., the general partner of the Partnership (the General Partner" and such Board of Directors, the Board"), each to serve until the 2025 annual meeting of limited partners and thereafter until such director's successor shall have been duly elected and qualified, or until such director's earlier death, resignation, or removal; to consider and ratify the appointment of Ernst & Young LLP ( Ernst & Young") as the Partnership's independent registered public accounting firm for the year ending December 31, 2024; to approve, on a non-binding advisory basis, the compensation of the General Partner's named executive officers for the year ended December 31, 2023; and to transact such other business matters.Declared Dividend • Apr 22Fourth quarter dividend reduced to US$0.38Dividend of US$0.38 is 21% lower than last year. Ex-date: 9th May 2024 Payment date: 17th May 2024 Dividend yield will be 12%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is not adequately covered by earnings (100% earnings payout ratio). However, it is covered by cash flows (80% cash payout ratio). The dividend has increased by an average of 13% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 11% to bring the payout ratio under control. However, EPS is expected to decline by 39% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.공시 • Apr 19Black Stone Minerals, L.P. to Report Q1, 2024 Results on May 06, 2024Black Stone Minerals, L.P. announced that they will report Q1, 2024 results After-Market on May 06, 2024공시 • Apr 18Black Stone Minerals, L.P. Declares First Quarter of 2024 Distribution for Common Units, Payable on May 17, 2024Black Stone Minerals, L.P. has approved a cash distribution for common units attributable to the first quarter of 2024 of $0.375 per unit. Distributions will be payable on May 17, 2024 to unitholders of record on May 10, 2024.Seeking Alpha • Mar 12Black Stone Minerals: A Distribution Cut Is ComingSummary Black Stone Minerals has seen a large decrease in rigs on its acreage. With Aethon taking a drilling pause, 2025 production is likely to decline. With favorable hedges rolling off, a distribution cut will be coming this year barring a natural gas price rally. Read the full article on Seeking AlphaMajor Estimate Revision • Feb 27Consensus EPS estimates fall by 18%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$516.9m to US$500.0m. EPS estimate also fell from US$1.67 per share to US$1.38 per share. Net income forecast to shrink 24% next year vs 1.9% decline forecast for Oil and Gas industry in the US. Consensus price target of US$18.00 unchanged from last update. Share price rose 3.8% to US$15.47 over the past week.Reported Earnings • Feb 20Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: US$1.91 (down from US$2.18 in FY 2022). Revenue: US$592.2m (down 23% from FY 2022). Net income: US$400.8m (down 12% from FY 2022). Profit margin: 68% (up from 59% in FY 2022). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) also surpassed analyst estimates by 9.9%. Revenue is expected to decline by 9.8% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in the US are expected to grow by 1.4%. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.공시 • Feb 20Black Stone Minerals, L.P. Provides Production Guidance for Fiscal Year 2024Black Stone Minerals, L.P. provided production guidance for the fiscal year 2023. For the year, the company expects total production of 40 MBoe/d- 42 MBoe/d.Upcoming Dividend • Feb 08Upcoming dividend of US$0.47 per share at 12% yieldEligible shareholders must have bought the stock before 15 February 2024. Payment date: 23 February 2024. Payout ratio and cash payout ratio are on the higher end at 91% and 77% respectively. Trailing yield: 12%. Within top quartile of American dividend payers (4.8%). Higher than average of industry peers (4.5%).Seeking Alpha • Feb 06Black Stone Minerals Remains A Great Energy PlaySummary Black Stone Minerals is a large owner and manager of oil and natural gas mineral interests in the US. The company's earnings are arguably more predictable than energy producers as they have a relatively small cost base and no leverage currently. BSM's valuation suggests it is attractively priced as a debt-free royalty play on US energy. A buyback of units may provide a catalyst for the units to re-rate if energy prices remain broadly stable. Read the full article on Seeking AlphaDeclared Dividend • Feb 04Third quarter dividend of US$0.47 announcedDividend of US$0.47 is the same as last year. Ex-date: 15th February 2024 Payment date: 23rd February 2024 Dividend yield will be 12%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is not adequately covered by earnings (91% earnings payout ratio). However, it is covered by cash flows (74% cash payout ratio). The dividend has increased by an average of 14% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 1.3% to bring the payout ratio under control. However, EPS is expected to decline by 23% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.공시 • Feb 01+ 1 more updateBlack Stone Minerals, L.P. to Report Q4, 2023 Results on Feb 19, 2024Black Stone Minerals, L.P. announced that they will report Q4, 2023 results After-Market on Feb 19, 2024이익 및 매출 성장 예측NYSE:BSM - 애널리스트 향후 추정치 및 과거 재무 데이터 (USD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/2027475261N/A283112/31/2026429190N/A24613/31/2026410268190308N/A12/31/2025401270191310N/A9/30/2025413245224336N/A6/30/2025414246223330N/A3/31/2025422194245349N/A12/31/2024427242274389N/A9/30/2024457345350432N/A6/30/2024491316387456N/A3/31/2024483328447489N/A12/31/2023489401501521N/A9/30/2023552437538544N/A6/30/2023636544530535N/A3/31/2023738597469480N/A12/31/2022771455412425N/A9/30/2022734406330342N/A6/30/2022651254279291N/A3/31/2022556138266284N/A12/31/2021491161242257N/A9/30/202141257230244N/A6/30/202134165237249N/A3/31/202128641265266N/A12/31/2020288101277282N/A9/30/2020314110321328N/A6/30/2020360157347370N/A3/31/2020432260333394N/A12/31/2019463193N/A413N/A9/30/2019512317N/A402N/A6/30/2019548308N/A410N/A3/31/2019552242N/A399N/A12/31/2018559275N/A385N/A9/30/2018502132N/A360N/A6/30/201844398N/A319N/A3/31/2018399128N/A294N/A12/31/2017361152N/A282N/A9/30/2017337127N/A267N/A6/30/2017332142N/A252N/A3/31/201730166N/A235N/A12/31/201626514N/A197N/A9/30/2016250-28N/A209N/A6/30/2016245-14N/A224N/A3/31/2016264-99N/A236N/A12/31/2015280-108N/A285N/A9/30/2015332-436N/A335N/A6/30/2015373-372N/A374N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: BSM 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -0.01%).수익 vs 시장: BSM 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -0.01%).고성장 수익: BSM 의 수익은 향후 3년간 감소할 것으로 예상됩니다.수익 대 시장: BSM 의 수익(연간 8.6%)이 US 시장(연간 11.7%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: BSM 의 수익(연간 8.6%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: BSM의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YEnergy 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 08:55종가2026/05/21 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Black Stone Minerals, L.P.는 7명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Timothy RezvanKeyBanc Capital Markets Inc.Mark LearPiper Sandler CompaniesJohn FreemanRaymond James & Associates4명의 분석가 더 보기
Major Estimate Revision • Mar 13Consensus EPS estimates increase by 12%, revenue downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from US$451.0m to US$435.3m. EPS estimate rose from US$0.89 to US$1.00. Net income forecast to shrink 18% next year vs 12% growth forecast for Oil and Gas industry in the US . Consensus price target of US$14.00 unchanged from last update. Share price was steady at US$15.39 over the past week.
Major Estimate Revision • Mar 04Consensus EPS estimates fall by 26%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from US$1.20 to US$0.89 per share. Revenue forecast steady at US$451.0m. Net income forecast to shrink 30% next year vs 10% growth forecast for Oil and Gas industry in the US . Consensus price target of US$13.00 unchanged from last update. Share price was steady at US$15.12 over the past week.
공시 • Feb 24Black Stone Minerals, L.P. Provides Production Guidance for the Full Year 2026Black Stone Minerals, L.P. provided production Guidance for the full year 2026. For the year, the company expects Total production to be 33 MBoe/d - 36 MBoe/d.
Price Target Changed • Aug 15Price target decreased by 13% to US$13.00Down from US$15.00, the current price target is provided by 1 analyst. New target price is 5.9% above last closing price of US$12.28. Stock is down 17% over the past year. The company is forecast to post earnings per share of US$1.12 for next year compared to US$1.15 last year.
공시 • Aug 05Black Stone Minerals, L.P. Updates Production Guidance for 2025Black Stone Minerals, L.P. updated production guidance for 2025. Due to the lower production through the first and second quarters of 2025 combined with expectations for delayed natural gas production growth through the end of the year, Black Stone's total production guidance for 2025 is being lowered to a range of 33 MBoe/d to 35 MBoe/d, from the previously disclosed range of 38 MBoe/d to 41 MBoe/d.
Price Target Changed • May 14Price target decreased by 13% to US$14.00Down from US$16.00, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of US$13.81. Stock is down 13% over the past year. The company is forecast to post earnings per share of US$1.13 for next year compared to US$1.15 last year.
속보 • May 14Black Stone Minerals Sees 16% Q1 Production Growth and Increased Insider OwnershipQ1 2026 production grew 16%, supported by natural gas activity in the Louisiana Haynesville and Shelby Trough and oil output from the Permian Basin. Management reaffirmed full-year production guidance and declared a US$0.30 per unit distribution. The company is pursuing a Haynesville acquisition program and new development agreements, including a deal with Caturus Energy in the Shelby Trough, while continuing to add mineral and royalty interests across its portfolio. Executive Chairman Thomas L. Carter Jr. bought about 67,758 common units in recent open-market transactions worth roughly US$909,000, increasing his direct stake to 3,681,604 units following an upbeat Q1 call that highlighted volume growth and cash flow coverage. Insider buying combined with confirmed production guidance and active drilling programs indicates management’s confidence in the current development plan and the company’s asset base. You should still factor in recent operational issues, such as the well control incident, and the usual commodity price and execution risks that can affect volumes, cash flow and future distributions.
Reported Earnings • May 07First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: EPS: US$0.028 (down from US$0.041 in 1Q 2025). Revenue: US$59.4m (down 45% from 1Q 2025). Net income: US$5.91m (down 31% from 1Q 2025). Profit margin: 9.9% (up from 7.9% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 42%. Earnings per share (EPS) also missed analyst estimates by 86%. Revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
Board Change • May 04High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director of Black Stone Minerals GP, L.L.C. Anne Hamman was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
공시 • May 04Black Stone Minerals, L.P., Annual General Meeting, Jun 11, 2026Black Stone Minerals, L.P., Annual General Meeting, Jun 11, 2026. Location: via the internet, United States
Declared Dividend • Apr 26Fourth quarter dividend of US$0.30 announcedShareholders will receive a dividend of US$0.30. Ex-date: 8th May 2026 Payment date: 15th May 2026 Dividend yield will be 8.5%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is not adequately covered by earnings (100% earnings payout ratio) nor is it covered by cash flows (133% cash payout ratio). The dividend has increased by an average of 6.4% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 11% to bring the payout ratio under control. However, EPS is expected to decline by 11% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
공시 • Apr 23+ 1 more updateBlack Stone Minerals, L.P. Approves Cash Distribution for the First Quarter of 2026, Payable on May 15, 2026Black Stone Minerals, L.P. declared the distribution attributable to the first quarter of 2026. The Board of Directors of the general partner has approved a cash distribution of $0.30 per common unit attributable to the first quarter of 2026, consistent with the prior quarter. Distributions will be payable on May 15, 2026, to unitholders of record on May 8, 2026.
Seeking Alpha • Apr 20Black Stone Minerals: May See Modest Benefits From Improved Long-Term Oil PricesSummary Black Stone is projected to generate $273 million in 2026 distributable cash flow at current strip. Hedges limit its ability to benefit from strong near-term oil prices. A $20 increase in the average 2026 oil price would only improve Black Stone's DCF by $3 million. Black Stone has close to 45% of its 2027 production hedged. I have increased my long-term (after 2026) oil price by $5 and that improves Black Stone's estimated value by $0.50 (to $16 per unit). Read the full article on Seeking Alpha
Buy Or Sell Opportunity • Apr 14Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.9% to US$13.50. The fair value is estimated to be US$17.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 23% over the last 3 years. Earnings per share has declined by 32%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to decline by 2.7% in the next 2 years.
Recent Insider Transactions • Apr 09Senior VP recently sold US$425k worth of stockOn the 6th of April, L. Putman sold around 29k shares on-market at roughly US$14.45 per share. This transaction amounted to 3.9% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$462k. Despite this recent sale, insiders have collectively bought US$793k more than they sold in the last 12 months.
내러티브 업데이트 • Apr 08BSM: War Risk And Stable U.S. Activity Shape Fairly Valued OutlookAnalysts recently raised their price target on Black Stone Minerals to $14 from $13, citing elevated geopolitical risk to global energy supply and an outlook that U.S. operators are unlikely to significantly alter their activity in response. Analyst Commentary Recent commentary around Black Stone Minerals focuses heavily on how heightened geopolitical risk and potential supply disruptions feed into valuation, especially with the price target set at US$14.
내러티브 업데이트 • Mar 25BSM: War Risk And Steady U.S. Output Guide Balanced Future OutlookAnalysts have raised their price target on Black Stone Minerals to $14.00 from $13.00, citing recent geopolitical risks to global energy supplies and steady expectations for U.S. operator activity as key factors behind the update. Analyst Commentary Analysts are weighing the new US$14 price target for Black Stone Minerals against rising geopolitical risks and expectations for relatively steady U.S. operator activity.
Major Estimate Revision • Mar 13Consensus EPS estimates increase by 12%, revenue downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from US$451.0m to US$435.3m. EPS estimate rose from US$0.89 to US$1.00. Net income forecast to shrink 18% next year vs 12% growth forecast for Oil and Gas industry in the US . Consensus price target of US$14.00 unchanged from last update. Share price was steady at US$15.39 over the past week.
내러티브 업데이트 • Mar 08BSM: War Risk And Stable U.S. Activity Shape Measured Future OutlookAnalysts have raised their price target on Black Stone Minerals to $14 from $13, reflecting updated views on fair value and earnings potential as they consider recent geopolitical risks and U.S. operator commentary. Analyst Commentary Recent commentary around Black Stone Minerals focuses on how geopolitical risks and operator behavior could affect fair value, rather than on big changes to the company’s own execution.
Recent Insider Transactions • Mar 08Senior VP recently sold US$462k worth of stockOn the 5th of March, L. Putman sold around 30k shares on-market at roughly US$15.25 per share. This transaction amounted to 3.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought US$1.2m more than they sold in the last 12 months.
Major Estimate Revision • Mar 04Consensus EPS estimates fall by 26%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from US$1.20 to US$0.89 per share. Revenue forecast steady at US$451.0m. Net income forecast to shrink 30% next year vs 10% growth forecast for Oil and Gas industry in the US . Consensus price target of US$13.00 unchanged from last update. Share price was steady at US$15.12 over the past week.
New Risk • Mar 03New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 100% Cash payout ratio: 133% Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future.
Reported Earnings • Feb 24Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: US$1.28 (up from US$1.15 in FY 2024). Revenue: US$401.0m (down 6.1% from FY 2024). Net income: US$270.5m (up 12% from FY 2024). Profit margin: 68% (up from 57% in FY 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 6.7%. Earnings per share (EPS) also surpassed analyst estimates by 4.3%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
공시 • Feb 24Black Stone Minerals, L.P. Provides Production Guidance for the Full Year 2026Black Stone Minerals, L.P. provided production Guidance for the full year 2026. For the year, the company expects Total production to be 33 MBoe/d - 36 MBoe/d.
Declared Dividend • Feb 08Third quarter dividend of US$0.30 announcedShareholders will receive a dividend of US$0.30. Ex-date: 18th February 2026 Payment date: 25th February 2026 Dividend yield will be 8.5%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is not covered by earnings (115% earnings payout ratio) nor is it covered by cash flows (113% cash payout ratio). The dividend has increased by an average of 6.4% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 27% to bring the payout ratio under control. EPS is expected to grow by 12% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
공시 • Feb 06Black Stone Minerals, L.P. Approves Cash Distribution for the Fourth Quarter of 2025, Payable on February 25, 2026Black Stone Minerals, L.P. announced the Board of Directors of the general partner has approved a cash distribution of $0.30 per common unit attributable to the fourth quarter of 2025, consistent with the prior quarter. Distributions will be payable on February 25, 2026, to unitholders of record on February 18, 2026.
공시 • Feb 05Black Stone Minerals, L.P. to Report Q4, 2025 Results on Feb 23, 2026Black Stone Minerals, L.P. announced that they will report Q4, 2025 results After-Market on Feb 23, 2026
공시 • Dec 03Black Stone Minerals and Caturus Energy Announce New Development Agreement in the Shelby TroughBlack Stone Minerals, L.P. announced it has entered into a 220,000 gross acre development agreement with an affiliate of Caturus Energy, LLC ("Caturus") within the Shelby Trough and Haynesville Expansion. The agreement creates a multi-year drilling program designed to advance development of BSM's acreage under Caturus' operating expertise while supporting the growing demand for natural gas across the Gulf Coast region. Under the terms of the agreement, Caturus has the opportunity to escalate its drilling program over the next six years and drill a step out pilot and test well in the first two years to continue operating across the full footprint. Activity will begin with approximately two gross (0.2 net) wells in 2026 and ramp to approximately 12 gross (0.8 net) wells annually by the end of the six years, supported by minimum annual lateral-foot requirements, all net to BSM's interest. BSM currently manages approximately 40,000 undeveloped net acres within this contract area, with line of sight to additional acquisitions to further increase BSM's net interest across the area.
New Risk • Nov 20New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 115% Cash payout ratio: 113% Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future.
공시 • Nov 05+ 2 more updatesBlack Stone Minerals, L.P. Announces Management ChangesBlack Stone Minerals, L.P. announced its leadership succession plan, which will be effective January 1, 2026. At that time, Tom Carter will move into the role of Executive Chairman, and Fowler Carter and Taylor DeWalch will succeed him as co-Chief Executive Officers and be appointed to the Board of Directors of BSM’s general partner. Chris Bonner will be promoted to Senior Vice President. On October 30, 2025, Will Mathis tendered his resignation from the Board, effective immediately, to focus on other commitments. Mr. Mathis’s resignation is not the result of any disagreement with the Partnership’s operations, policies, or procedures. Mr. Mathis served as a director of BSM and its predecessors for over 16 years, including as the Chair of its Nominating and Governance Committee. Will Randall has been named as Chair of the Nominating and Governance Committee, and Jerry Kyle has been appointed to fill the vacancy on that committee. The Board expects to fill the vacancy caused by Mr. Mathis’s resignation in due course.
Reported Earnings • Nov 04Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: US$0.40 (down from US$0.41 in 3Q 2024). Revenue: US$132.5m (up 31% from 3Q 2024). Net income: US$84.4m (down 1.2% from 3Q 2024). Profit margin: 64% (down from 85% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 27%. Earnings per share (EPS) also surpassed analyst estimates by 45%. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
Declared Dividend • Oct 20Second quarter dividend of US$0.30 announcedShareholders will receive a dividend of US$0.30. Ex-date: 6th November 2025 Payment date: 13th November 2025 Dividend yield will be 11%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is not covered by earnings (122% earnings payout ratio) nor is it covered by cash flows (114% cash payout ratio). The dividend has increased by an average of 6.4% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 36% to bring the payout ratio under control. EPS is expected to grow by 17% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
공시 • Oct 16+ 1 more updateBlack Stone Minerals, L.P. Approves Cash Distribution for the Third Quarter 2025, Payable on November 13, 2025Black Stone Minerals, L.P. declared the cash distribution attributable to the third quarter of 2025. For the period, the Board of Directors of the Partnership’s general partner has approved a cash distribution of $0.30 per common unit attributable to the third quarter of 2025, consistent with the prior quarter. Distributions will be payable on November 13, 2025, to unitholders of record on November 6, 2025.
Recent Insider Transactions • Sep 12President recently bought US$307k worth of stockOn the 10th of September, Thomas Carter bought around 25k shares on-market at roughly US$12.08 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth US$879k. Thomas has been a buyer over the last 12 months, purchasing a net total of US$2.0m worth in shares.
Recent Insider Transactions • Aug 22President recently bought US$492k worth of stockOn the 20th of August, Thomas Carter bought around 41k shares on-market at roughly US$12.00 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth US$879k. Thomas has been a buyer over the last 12 months, purchasing a net total of US$3.1m worth in shares.
내러티브 업데이트 • Aug 16Shelby Trough Expansion And Operator Diversification Will Drive DrillingThe consensus price target for Black Stone Minerals has been lowered to $13.00, primarily due to a notable decrease in forecast revenue growth, while valuation multiples have only moderately declined. What's in the News Black Stone Minerals lowered its 2025 production guidance to 33–35 MBoe/d from 38–41 MBoe/d due to weaker first-half production and delayed natural gas growth.
Price Target Changed • Aug 15Price target decreased by 13% to US$13.00Down from US$15.00, the current price target is provided by 1 analyst. New target price is 5.9% above last closing price of US$12.28. Stock is down 17% over the past year. The company is forecast to post earnings per share of US$1.12 for next year compared to US$1.15 last year.
Recent Insider Transactions • Aug 13President recently bought US$879k worth of stockOn the 11th of August, Thomas Carter bought around 72k shares on-market at roughly US$12.18 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Thomas has been a buyer over the last 12 months, purchasing a net total of US$2.5m worth in shares.
Reported Earnings • Aug 05Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: US$0.53 (up from US$0.29 in 2Q 2024). Revenue: US$102.0m (down 7.6% from 2Q 2024). Net income: US$112.7m (up 85% from 2Q 2024). Revenue exceeded analyst estimates by 42%. Earnings per share (EPS) also surpassed analyst estimates by 73%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
공시 • Aug 05Black Stone Minerals, L.P. Updates Production Guidance for 2025Black Stone Minerals, L.P. updated production guidance for 2025. Due to the lower production through the first and second quarters of 2025 combined with expectations for delayed natural gas production growth through the end of the year, Black Stone's total production guidance for 2025 is being lowered to a range of 33 MBoe/d to 35 MBoe/d, from the previously disclosed range of 38 MBoe/d to 41 MBoe/d.
Declared Dividend • Jul 21First quarter dividend reduced to US$0.30Dividend of US$0.30 is 20% lower than last year. Ex-date: 7th August 2025 Payment date: 14th August 2025 Dividend yield will be 12%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is not covered by earnings (163% earnings payout ratio) nor is it covered by cash flows (130% cash payout ratio). The dividend has increased by an average of 8.8% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 81% to bring the payout ratio under control. EPS is expected to grow by 74% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
공시 • Jul 17+ 1 more updateBlack Stone Minerals, L.P. Approves Cash Distribution for the Second Quarter of 2025, Payable on August 14, 2025Black Stone Minerals, L.P. announced that its board of directors of the general partner has approved a cash distribution of $0.30 per common unit attributable to the second quarter of 2025. Distributions will be payable on August 14, 2025, to unitholders of record on August 7, 2025.
Recent Insider Transactions • Jun 01Insider recently sold US$500k worth of stockOn the 29th of May, Carrie Clark sold around 37k shares on-market at roughly US$13.56 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought US$1.3m more than they sold in the last 12 months.
Recent Insider Transactions Derivative • May 30Insider notifies of intention to sell stockCarrie Clark intends to sell 37k shares in the next 90 days after lodging an Intent To Sell Form on the 29th of May. If the sale is conducted around the recent share price of US$13.56, it would amount to US$500k. Since September 2024, Carrie's direct individual holding has increased from 116.92k shares to 202.76k. Company insiders have collectively bought US$1.8m more than they sold, via options and on-market transactions, in the last 12 months.
Price Target Changed • May 14Price target decreased by 13% to US$14.00Down from US$16.00, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of US$13.81. Stock is down 13% over the past year. The company is forecast to post earnings per share of US$1.13 for next year compared to US$1.15 last year.
New Risk • May 13New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 46% Last year net profit margin: 68% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 163% Cash payout ratio: 130% Minor Risk Profit margins are more than 30% lower than last year (46% net profit margin).
Major Estimate Revision • May 13Consensus EPS estimates fall by 20%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from US$1.33 to US$1.07. Revenue forecast unchanged from US$483.5m at last update. Net income forecast to grow 27% next year vs 16% growth forecast for Oil and Gas industry in the US. Consensus price target of US$15.00 unchanged from last update. Share price fell 2.5% to US$13.90 over the past week.
Reported Earnings • May 07First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: EPS: US$0.041 (down from US$0.27 in 1Q 2024). Revenue: US$59.3m (down 48% from 1Q 2024). Net income: US$8.58m (down 85% from 1Q 2024). Profit margin: 14% (down from 50% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 49%. Earnings per share (EPS) also missed analyst estimates by 88%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 3% per year.
공시 • May 01Black Stone Minerals, L.P., Annual General Meeting, Jun 12, 2025Black Stone Minerals, L.P., Annual General Meeting, Jun 12, 2025.
Seeking Alpha • Apr 26Black Stone Minerals: Focusing On Natural Gas AcquisitionsSummary Black Stone Minerals spent $110 million on acquisitions in 2024, funded primarily with cash on hand. It now has a slight amount of net debt and may add to that debt with continued acquisitions and the redemption of some Series A Preferred Units. I project its distribution coverage at 1.07x in 2025 at current strip. Black Stone's estimated value is now $17.75 per unit at long-term $70 WTI oil and $3.75 NYMEX natural gas. Read the full article on Seeking Alpha
Declared Dividend • Apr 20Fourth quarter dividend of US$0.38 announcedDividend of US$0.38 is the same as last year. Ex-date: 8th May 2025 Payment date: 15th May 2025 Dividend yield will be 10%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is not covered by earnings (131% earnings payout ratio) nor is it covered by cash flows (116% cash payout ratio). The dividend has increased by an average of 8.8% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 45% to bring the payout ratio under control. EPS is expected to grow by 22% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
공시 • Apr 17+ 1 more updateBlack Stone Minerals, L.P. to Report Q1, 2025 Results on May 05, 2025Black Stone Minerals, L.P. announced that they will report Q1, 2025 results After-Market on May 05, 2025
Price Target Changed • Mar 09Price target increased by 14% to US$16.00Up from US$14.00, the current price target is provided by 1 analyst. New target price is 8.5% above last closing price of US$14.75. Stock is down 5.3% over the past year. The company is forecast to post earnings per share of US$1.34 for next year compared to US$1.15 last year.
Seeking Alpha • Feb 27Black Stone Minerals: A 10% Distribution For This Natural Gas Royalty Play (Rating Upgrade)Summary Upgrading Black Stone Minerals to a BUY due to improving natural gas prices, a robust hedging program, and a renegotiated production agreement with Aethon. BSM's 2024 challenges included weak natural gas prices and a dividend cut, but the company maintained a distribution coverage greater than 1x distributable cash flow throughout the year. For 2025, BSM expects a 2% production increase, with natural gas making up 77% of total volumes, driven by new wells and rising prices. LNG export growth and increased electricity demand from AI data centers position BSM's Haynesville acreage as a key resource, enhancing future prospects. I am upgrading BSM to a BUY. Read the full article on Seeking Alpha
New Risk • Feb 26New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 56% Last year net profit margin: 82% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 98% Cash payout ratio: 90% Minor Risk Profit margins are more than 30% lower than last year (56% net profit margin).
공시 • Feb 25Black Stone Minerals, L.P. Provides Consolidated Production Guidance for the Fiscal Year 2025Black Stone Minerals, L.P. provided consolidated production guidance for the Fiscal Year 2025. For the year, the company expects total production of 38 MBoe/d to 41 MBoe/d.
Seeking Alpha • Feb 19Black Stone Minerals' Double-Digit Yield Looks To Benefit From Expanding Electricity DemandSummary Since its IPO in 2015, Black Stone Minerals performance has matched Exxon and Chevron on an annualized total return basis. Management's interest are closely aligned with unitholders and insider buying volume has been significant in 2025. Improving supply/demand balance for natural gas means more production volume, likely returning the distribution to high water level. More favorable federal energy policy towards fossil fuel minerals and growing electricity need bode well for BSM to benefit. Read the full article on Seeking Alpha
Declared Dividend • Feb 09Third quarter dividend of US$0.38 announcedShareholders will receive a dividend of US$0.38. Ex-date: 18th February 2025 Payment date: 25th February 2025 Dividend yield will be 10%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is not adequately covered by earnings (98% earnings payout ratio) nor is it adequately covered by cash flows (90.2% cash payout ratio). The dividend has increased by an average of 9.8% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 8.6% to bring the payout ratio under control. However, EPS is expected to decline by 7.6% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
공시 • Feb 06+ 1 more updateBlack Stone Minerals, L.P. Announces Distribution for the Fourth Quarter of 2024, Payable on February 25, 2025Black Stone Minerals, L.P. announced that its Board of Directors of the general partner has approved a cash distribution of $0.375 per common unit attributable to the fourth quarter of 2024, consistent with the prior quarter. Distributions will be payable on February 25, 2025, to unitholders of record on February 18, 2025.
Seeking Alpha • Dec 12Black Stone Minerals: Distribution Coverage Should Improve From Q3 2024 LevelsSummary Black Stone Minerals reported 1x distribution coverage for Q3 2024. It saw an 8% quarter-over-quarter production decline. BSM's Q4 2024 distribution coverage should increase slightly even if its production declines a bit further in the near term. I've reduced my 2025 production expectations by 3–4% to reflect a lower potential production level entering the year. Stronger natural gas prices in 2025 (particularly later in the year) should increase activity at Black Stone's assets. Read the full article on Seeking Alpha
Reported Earnings • Nov 05Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: US$0.41 (up from US$0.27 in 3Q 2023). Revenue: US$134.9m (flat on 3Q 2023). Net income: US$85.4m (up 50% from 3Q 2023). Profit margin: 63% (up from 42% in 3Q 2023). Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Revenue is forecast to grow 9.5% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
공시 • Nov 05Black Stone Minerals, L.P. Approves A Cash Distribution to the Third Quarter of 2024, Payable on November 15, 2024The Board of Black Stone Minerals, L.P. approved a cash distribution of $0.375 for each common unit attributable to the third quarter of 2024. The quarterly distribution coverage ratio attributable to the third quarter of 2024 was approximately 1.00x. The distribution will be paid on November 15, 2024 to unitholders of record as of the close of business on November 8, 2024.
Upcoming Dividend • Nov 03Upcoming dividend of US$0.38 per shareEligible shareholders must have bought the stock before 08 November 2024. Payment date: 15 November 2024. The company is paying out more than 100% of its profits and is paying out 82% of its cash flow. Trailing yield: 10%. Within top quartile of American dividend payers (4.6%). Higher than average of industry peers (4.1%).
Declared Dividend • Oct 20Second quarter dividend of US$0.38 announcedShareholders will receive a dividend of US$0.38. Ex-date: 8th November 2024 Payment date: 15th November 2024 Dividend yield will be 11%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is not covered by earnings (113% earnings payout ratio). However, it is covered by cash flows (82% cash payout ratio). The dividend has increased by an average of 9.8% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 26% to bring the payout ratio under control. EPS is expected to grow by 2.7% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
공시 • Oct 17Black Stone Minerals, L.P. to Report Q3, 2024 Results on Nov 04, 2024Black Stone Minerals, L.P. announced that they will report Q3, 2024 results After-Market on Nov 04, 2024
Seeking Alpha • Oct 08Black Stone Minerals: Preferred Unit Redemption May Increase Distributable Cash FlowSummary Black Stone Minerals has been acquiring Gulf Coast mineral and royalty interests. These acquisitions are primarily non-producing currently, but are expected to benefit future production results once natural gas prices improve. Black Stone also has the opportunity to redeem its Series B preferred units at par in late 2025. These units have a 9.8% distribution rate, so redeeming them should benefit Black Stone's distributable cash flow. Black Stone's credit facility interest rate may be 6% to 7% by late 2025. Read the full article on Seeking Alpha
Recent Insider Transactions • Sep 11President recently bought US$1.4m worth of stockOn the 6th of September, Thomas Carter bought around 100k shares on-market at roughly US$14.12 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Thomas has been a buyer over the last 12 months, purchasing a net total of US$3.9m worth in shares.
새로운 내러티브 • Sep 05Hedging Missteps And Acquisition Risks To Hamper Earnings Amidst Volatile Times Emphasis on grassroots acquisitions and asset enhancement may increase debt without immediate returns, affecting net income and cash flow if expectations are not met.
Recent Insider Transactions • Aug 27Insider recently sold US$275k worth of stockOn the 26th of August, Carrie Clark sold around 19k shares on-market at roughly US$14.84 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought US$3.5m more than they sold in the last 12 months.
Recent Insider Transactions • Aug 18Board Member recently bought US$500k worth of stockOn the 15th of August, D. DeWalch bought around 34k shares on-market at roughly US$14.62 per share. This transaction amounted to 3.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$3.8m more in shares than they have sold in the last 12 months.
New Risk • Aug 16New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. Minor Risk Dividend is not well covered by earnings (113% payout ratio).
Seeking Alpha • Aug 11Black Stone Minerals: Well Covered 10.5% Yield And Debt Free Balance Sheet Make This A BuySummary BSM is a high free cash flow royalty-driven MLP with no debt, offering a 10.5% yield and potential upside with improved natural gas prices. The company's business model involves collecting royalty payments on revenue from producers operating on their acreage. BSM offers solid coverage of their distribution and potential for buybacks or acquisitions, making it a bargain investment opportunity. We peg a range of $12 to high teens on the stock, but are happy with a flat share price and a healthy tax-deferred distribution. Read the full article on Seeking Alpha
Reported Earnings • Aug 06Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: US$0.29 (down from US$0.35 in 2Q 2023). Revenue: US$109.6m (up 6.3% from 2Q 2023). Net income: US$61.0m (down 17% from 2Q 2023). Profit margin: 56% (down from 71% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 19%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 1.8% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Seeking Alpha • Jul 30Black Stone Minerals: Overexposed To Natural GasSummary Production was down 2% in Q1 2024, after reducing their working interest exposure. Q1 2024 revenue at $113.2 million, net income at $63.9 million; down 17% and 57% QoQ. Distribution reduced by 21% to $0.375 per unit in Q1 2024. Aethon reduced production volumes by 800 Boe/d in April 2024. This will certainly impact their Q2 2024 production. Due to their natural gas exposure, overvaluation, and strategic uncertainties, my rating for this stock is a Hold. Read the full article on Seeking Alpha
Declared Dividend • Jul 28First quarter dividend of US$0.38 announcedShareholders will receive a dividend of US$0.38. Ex-date: 9th August 2024 Payment date: 16th August 2024 Dividend yield will be 11%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is not covered by earnings (115% earnings payout ratio). However, it is covered by cash flows (71% cash payout ratio). The dividend has increased by an average of 9.8% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 28% to bring the payout ratio under control. However, EPS is expected to decline by 2.1% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio.
공시 • Jul 25+ 1 more updateBlack Stone Minerals, L.P. to Report Q2, 2024 Results on Aug 02, 2024Black Stone Minerals, L.P. announced that they will report Q2, 2024 results After-Market on Aug 02, 2024
New Risk • Jul 09New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. Minor Risk Dividend is not well covered by earnings (115% payout ratio).
Price Target Changed • Jun 03Price target decreased by 8.1% to US$17.00Down from US$18.50, the current price target is provided by 1 analyst. New target price is 5.5% above last closing price of US$16.11. Stock is up 0.2% over the past year. The company is forecast to post earnings per share of US$1.41 for next year compared to US$1.91 last year.
Seeking Alpha • May 10Black Stone Minerals: Reduced Production Guidance Due To Low Natural Gas PricesSummary Black Stone Minerals reduced its 2024 production guidance by around 4%. The Company's oil cut may end up slightly higher than previously expected. BSM is projected to have 1.17x distribution coverage with its reduced distribution. It is spending on acquisitions that will benefit its longer-term cash flow. I expect Black Stone's distributable cash flow to rebound to $2+ per unit in 2026. Read the full article on Seeking Alpha
공시 • May 08Black Stone Minerals, L.P. Provides Production Guidance for Fiscal Year 2024Black Stone Minerals, L.P. provided production guidance for the fiscal year 2024. For the year, the company's total production guidance is being lowered to a range of 38.5 MBoe/d to 40.5 MBoe/d, from the previously disclosed range of 40.0 MBoe/d to 42.0 MBoe/d.
Reported Earnings • May 07First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: EPS: US$0.27 (down from US$0.61 in 1Q 2023). Revenue: US$105.5m (down 11% from 1Q 2023). Net income: US$56.6m (down 56% from 1Q 2023). Profit margin: 54% (down from 109% in 1Q 2023). Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 24%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 2.0% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
공시 • May 01Black Stone Minerals, L.P., Annual General Meeting, Jun 13, 2024Black Stone Minerals, L.P., Annual General Meeting, Jun 13, 2024, at 12:00 Central Standard Time. Agenda: To consider elect directors to the Board of Directors of Black Stone Minerals GP, L.L.C., the general partner of the Partnership (the General Partner" and such Board of Directors, the Board"), each to serve until the 2025 annual meeting of limited partners and thereafter until such director's successor shall have been duly elected and qualified, or until such director's earlier death, resignation, or removal; to consider and ratify the appointment of Ernst & Young LLP ( Ernst & Young") as the Partnership's independent registered public accounting firm for the year ending December 31, 2024; to approve, on a non-binding advisory basis, the compensation of the General Partner's named executive officers for the year ended December 31, 2023; and to transact such other business matters.
Declared Dividend • Apr 22Fourth quarter dividend reduced to US$0.38Dividend of US$0.38 is 21% lower than last year. Ex-date: 9th May 2024 Payment date: 17th May 2024 Dividend yield will be 12%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is not adequately covered by earnings (100% earnings payout ratio). However, it is covered by cash flows (80% cash payout ratio). The dividend has increased by an average of 13% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 11% to bring the payout ratio under control. However, EPS is expected to decline by 39% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
공시 • Apr 19Black Stone Minerals, L.P. to Report Q1, 2024 Results on May 06, 2024Black Stone Minerals, L.P. announced that they will report Q1, 2024 results After-Market on May 06, 2024
공시 • Apr 18Black Stone Minerals, L.P. Declares First Quarter of 2024 Distribution for Common Units, Payable on May 17, 2024Black Stone Minerals, L.P. has approved a cash distribution for common units attributable to the first quarter of 2024 of $0.375 per unit. Distributions will be payable on May 17, 2024 to unitholders of record on May 10, 2024.
Seeking Alpha • Mar 12Black Stone Minerals: A Distribution Cut Is ComingSummary Black Stone Minerals has seen a large decrease in rigs on its acreage. With Aethon taking a drilling pause, 2025 production is likely to decline. With favorable hedges rolling off, a distribution cut will be coming this year barring a natural gas price rally. Read the full article on Seeking Alpha
Major Estimate Revision • Feb 27Consensus EPS estimates fall by 18%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$516.9m to US$500.0m. EPS estimate also fell from US$1.67 per share to US$1.38 per share. Net income forecast to shrink 24% next year vs 1.9% decline forecast for Oil and Gas industry in the US. Consensus price target of US$18.00 unchanged from last update. Share price rose 3.8% to US$15.47 over the past week.
Reported Earnings • Feb 20Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: US$1.91 (down from US$2.18 in FY 2022). Revenue: US$592.2m (down 23% from FY 2022). Net income: US$400.8m (down 12% from FY 2022). Profit margin: 68% (up from 59% in FY 2022). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) also surpassed analyst estimates by 9.9%. Revenue is expected to decline by 9.8% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in the US are expected to grow by 1.4%. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
공시 • Feb 20Black Stone Minerals, L.P. Provides Production Guidance for Fiscal Year 2024Black Stone Minerals, L.P. provided production guidance for the fiscal year 2023. For the year, the company expects total production of 40 MBoe/d- 42 MBoe/d.
Upcoming Dividend • Feb 08Upcoming dividend of US$0.47 per share at 12% yieldEligible shareholders must have bought the stock before 15 February 2024. Payment date: 23 February 2024. Payout ratio and cash payout ratio are on the higher end at 91% and 77% respectively. Trailing yield: 12%. Within top quartile of American dividend payers (4.8%). Higher than average of industry peers (4.5%).
Seeking Alpha • Feb 06Black Stone Minerals Remains A Great Energy PlaySummary Black Stone Minerals is a large owner and manager of oil and natural gas mineral interests in the US. The company's earnings are arguably more predictable than energy producers as they have a relatively small cost base and no leverage currently. BSM's valuation suggests it is attractively priced as a debt-free royalty play on US energy. A buyback of units may provide a catalyst for the units to re-rate if energy prices remain broadly stable. Read the full article on Seeking Alpha
Declared Dividend • Feb 04Third quarter dividend of US$0.47 announcedDividend of US$0.47 is the same as last year. Ex-date: 15th February 2024 Payment date: 23rd February 2024 Dividend yield will be 12%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is not adequately covered by earnings (91% earnings payout ratio). However, it is covered by cash flows (74% cash payout ratio). The dividend has increased by an average of 14% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 1.3% to bring the payout ratio under control. However, EPS is expected to decline by 23% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
공시 • Feb 01+ 1 more updateBlack Stone Minerals, L.P. to Report Q4, 2023 Results on Feb 19, 2024Black Stone Minerals, L.P. announced that they will report Q4, 2023 results After-Market on Feb 19, 2024
